Trump appeared to embrace a proposal by House Republicans that would impose a 20 percent tax on all imported goods. Many businesses in industries such as retail and energy, which rely heavily on imports, were in a panic.

President Trump’s proposed border tax on imported vehicles could throw a wrench in the profit machine, particularly for G.M. and Fiat Chrysler, which build a large percentage of their pickups in Mexico

Ecuador’s government is working on a reform package that will raise the taxes on cigarettes, alcoholic beverages and soft drinks to cover the budget deficit created by the drop in the price of oil, the Andean nation’s top export product